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DailyBubble News

SPY ETF Update, 2/28/2024  – TipRanks.com

SPY stock, also known as the SPDR S&P 500 ETF Trust, has seen a slight dip of 0.56% in the past 5 days. However, over the past year, it has shown a significant increase of about 30%.

According to TipRanks’ ETF analyst consensus, SPY is considered a Moderate Buy. The average price target on The Street is $562.48, suggesting a potential upside of 10.96%.

Some of SPY’s top holdings with high upside potential include Newmont Mining (NEM), First Solar (FSLR), Warner Bros (WBD), Caesars Entertainment (CZR), and Walmart (WMT). On the other hand, its holdings with the greatest downside potential are United Rentals (URI), Robert Half International (RHI), Southwest Airlines (LUV), Viatris (VTRS), and Steel Dynamics (STLD).

Interestingly, SPY’s ETF Smart Score is eight, indicating that it is expected to outperform the market.

For those interested in ETF investing, TipRanks offers insights into the top equity ETFs with high upside potential. Keep an eye on SPY as it continues to navigate the market.

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